Asset Performance ManagementIntelligent Asset Strategies

APM - INTELLIGENT ASSET STRATEGIES

Your assets speak volumesAre you listening?

You’ve invested in assets, processes, and systems on a massive scale to meet your business objectives and manage your risk around safety, financial, and environmental events. Hundreds of thousands of assets produce enormous amounts of data every day—all with their own specific purpose. Data from sensors, recommendations from people, and information from a multitude of systems produce a relentless stream of asset data that can either keep you informed to help make smarter decisions or leave you vulnerable to blind spots and risk.

You need the ability to know what all that data means in order to determine which information is key to the health of your assets. Then you need to decide which assets are most critical to your business. Most importantly, you need an intelligent asset strategy to manage it all for you, automatically.

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Typical Value Drivers from APM Program Implementation:

• 5- 10% reduction in reactive maintenance

• 5- 25% reduction in IT total cost of ownership

• 2-6% increase in asset utilization

• Reduced safety and environmental incidents

INTRODUCTION

People

Assets

Systems

APM - INTELLIGENT ASSET STRATEGIES

Intelligent asset strategies create holistic and real-time views of how people, systems, and physical assets are performing and help to improve safety and performance, increase asset availability, and optimize costs—all while mitigating operational risk. Asset Performance Management (APM) from GE Digital uses intelligent asset strategies to answer essential questions that spreadsheets, ERP systems, and historians cannot.

By combining real-time data with human experience, operating parameters, analytics, and connectivity, an intelligent asset strategy continuously improves over time. It’s an automated loop of learning that can detect emerging threats for prevention and proper governance.

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How critical is this asset?

What is the history of this asset, and what is its current health?

In what ways could this asset fail, how could I mitigate risk of failure, and what would it cost?

What would be the consequences of this asset’s failure on my business?

What action should be taken now, and what should be our overall strategy to optimize business objectives?

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02

03

04

05

INTRODUCTION

APM - INTELLIGENT ASSET STRATEGIES –4– BENEFITS

The benefitsAsset Performance Management provides end-to-end improvements.

5–10% 10 –40% 3–40% 5–25% 5–25%2–6%

Inventory Cost

Reduction

Increased Availability

Reduction in Reactive

Maintenance

EH&SIncident

Reduction

Gain inEmployee

Productivity

Reduction inIT Total Cost of

Ownership

APM - INTELLIGENT ASSET STRATEGIES

It takes a mixture of uniqueand complex systems andwork processes to keepfacilities and plants running.How can you aggregate thedata they produce to see thebig picture?

Modern sensors ensure yourphysical assets produce ahuge amount of data. Doesthat information help you orput you at greater risk?

Your people are a wealth of knowledge and experience. Can you leverage their collective knowledge to contextualize information from physical assets and systems?

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Improve all aspects of your company

APM - INTELLIGENT ASSET STRATEGIES –6–

Protect your tribal knowledge

PEOPLE

People

APM - INTELLIGENT ASSET STRATEGIES –7–

Your team has a wealth of knowledge that shouldn’t go to wasteThe way companies collect and manage information has evolved over time. Early on, observers in the field collected information on clipboards before entering it into historians. They relied upon experience to decide whether the data was worth recording. Today, we depend on technology and sensors to do most of that recording with a far greater degree of accuracy. However, a sensor cannot replace the critical thinking and judgment that only comes from an experienced employee. Unfortunately, due to an aging workforce and employee turnover, their knowledge and experience is often lost forever.

By using an intelligent asset strategy, you can capture the expertise and perspectives of your team by recording human recommendations. Those recommendations contribute to an overall strategy that provides a better understanding of the big picture. Recommendations are continuously collected and balanced with operating parameters, analytics, data from systems, and data from physical assets. In this way, the information an employee contributes stays with the company long after separation, providing a seamless library of tribal knowledge and technical expertise that is passed along to the new generation.

People

PEOPLE

Get the most from your asset data.

• Only by using an intelligent asset strategy can you safely and effectively reduce risk while optimizing cost

• An intelligent asset strategy uses all asset related data to give you a clear picture of your organization’s overall asset health

APM - INTELLIGENT ASSET STRATEGIES ASSETS

Assets

Harness the powerof your asset data

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APM - INTELLIGENT ASSET STRATEGIES –9–

Your company has invested heavily in monitoring physical assets that produce millions of bits of data from various sources. Successful operations depend on a complex web of systems, people, processes, and data output. An intelligent asset strategy bridges the gap between systems and transforms the information into valuable insight and perspective not possible with point solutions, giving you a true picture of your overall asset health while helping to reduce downtime and equipment failures.

Healthy assets help alleviate business issues

Assets

ASSETS

It’s time to put your asset data to work.

• Discover valuable insight from your physical assets in real-time

• See how siloed systems to come together into a common view

• Get continuous and consistently automated evaluation of asset performance

• Achieve a true picture of asset health and performance

Engineering Systems

Machine &Sensor DataOperational

SystemsCompliance

SystemsMaintenance& Inspection

Systems

APM - INTELLIGENT ASSET STRATEGIES SYSTEMS & PROCESSES

Systems &Processes

Get more from your existing systems

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APM - INTELLIGENT ASSET STRATEGIES –11–

Just because you have different systems doesn’t mean they can’t support a common purpose.It takes a complex and sophisticated web of systems, software work processes, and IT expertise to keep a facility or plant running at full capacity. Although some of these systems work well together, each system is typically dedicated to performing a specific task. They could, however, work more productively and more efficiently. When multiple systems come together through an intelligent asset strategy, the data can be combined with human experience and physical asset data to provide recommendations that continually improve over time. Plus, the insight gained can be used to optimize the very systems that are providing the data.

Only an intelligent asset strategy can bring different data from various systems together into a single context to identify and understand the risk, enabling you to quickly derive what should be done to prevent failures. You will ultimately mitigate risks, increase asset availability, and optimize costs.

Systems &Processes

SYSTEMS & PROCESSES

Get more from your systems than ever before.

• Use and direct data from multiple sources to serve a common asset strategy

• Heterogeneous platform for data and analysis

APM - INTELLIGENT ASSET STRATEGIES ELEMENTS OF AN INTELLIGENT ASSET STRATEGY–12–

Intelligent Asset Strategies

APM - INTELLIGENT ASSET STRATEGIES –13–

The elements of an Intelligent Asset StrategyGE Digital’s APM enables holistic and risk-based intelligent asset strategies tobalance performance and cost by considering design, operational procedures, and maintenance plans for all assets. With APM, you get an enterprise-wide view of the impact of asset performance management activities to help you make the best decisions.

Physical assets, sensors, people, work streams, and systems all contribute data, readings, and recommendations in real-time through a predefined strategy based on business and program objectives.

The predefined asset strategy serves as a way to filter, evaluate, and categorize readings and recommendations. Recommendations that do not adhere to business and program objectives are filtered and set aside by intelligent strategies, providing continuous optimization.

The intelligent asset strategy uses sophisticated parameters and context to develop new recommendations and suggested actions that can be evaluated and deployed.

Once strategies are deployed to improve processes, systems, and overall APM, additional data feeds back into the same intelligent asset strategy to create a continual loop of improvement.

ELEMENTS OF AN INTELLIGENT ASSET STRATEGY

APM - INTELLIGENT ASSET STRATEGIES

Drive Work(repair)

Change Strategy(interval)

Strategy

Analytics+ Action

Operations & Maintenace

Risk

–14– ELEMENTS OF AN INTELLIGENT ASSET STRATEGY

Criticality Failure Modes

Damage Mechanisms

CONNECT / COLLECT• Sensor Data / Alerts / Events

• Inspection data / Alerts / History Events

Optimize Plan

Re-evaluate Risk

Elements of Intelligent Asset Strategy

APM - INTELLIGENT ASSET STRATEGIES 360 DEGREE VIEW

See the big picture In a whole new way

360º

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APM - INTELLIGENT ASSET STRATEGIES –16–

Different views of asset dataprovide a 360º view of performance

360 DEGREE VIEW

Transaction view Bring your EAM or ERP system to life. Intelligent asset strategies take advantage of enterprise asset management systems like SAP, IBM, and Oracle in new and sophisticated ways to strategically manage it all for you, automatically.

Strategy view Only GE Digital offers a complete range of perspectives from its APM system while combining data from other data sources.

Trend view Condition monitoring and process historians like GE, Emerson, SKF, Rockwell, OSI, Honeywell and Aspen Tech all feed data into an intelligent asset strategy that converts information into valuable insight. 36

0º

APM - INTELLIGENT ASSET STRATEGIES –17– 360 DEGREE VIEW

Control view Honeywell, Emerson, Rockwell, GE, and Siemens all integrate flawlessly with GE Digital APM and their data is leveraged in our intelligent asset strategies to understand operating conditions that impact assets.

Picture view GE Digital APM pulls key engineering data from systems like Intergraph and AVEVA to display information of drawings providing a unique visual perspective.

Regulation view Global governmental regulations and standards bodies create requirements that dictate the way you conduct your business. GE Digital APM has the flexibility to configure your work processes to assure compliance with local regulations and global standards.

360º

APM - INTELLIGENT ASSET STRATEGIES –18– INTRODUCTION

Different views of asset data mean you are always one step ahead

Digital

Transformation

Blueprint

1 month 6-12 months, based on scope and size 2-6 months, based on #2

Payback can be achieved in less than 12 months

APM

Implementation

User Enablement

& Process

Transformation

Content Application or

DevelopmentProgram Execution,

Monitoring, and

Sustainment

Begin value services

between solution design

and APM implementation

Assess key business risks and determine which assets should be the primary focus.

Most of your business risk will reside within a subset of your total asset base.

Quantifying the risk an asset presents to business and focusing APM efforts

accordingly allows you to ensure that assets with significant consequences for

failure scenarios or those assets subject to legal and statutory requirements

have a complete and optimized management strategy.

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APM - INTELLIGENT ASSET STRATEGIES –19– RESOURCES

Read about customer success

Additional Customer Stories

Chemical VIEW >

Oil & GasVIEW >

Utilities VIEW >

MiningVIEW >

TransportationVIEW >

APM - INTELLIGENT ASSET STRATEGIES –20– RESOURCES

Take the next step

More About APM

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